Youth Urged to Seize Sh5 Trillion Loan Opportunities.




The Tanzania Mining Suppliers and Service Providers Association (TAMISA) has urged youth and Tanzanians at large to take advantage of investment opportunities available in the mining sector through government-provided loans amounting to Sh5 trillion, aimed at enabling them to supply goods and offer various services in mines.

The call was made yesterday in Dar es Salaam by TAMISA Chairperson, Peter Kumalilwa, while addressing journalists on the numerous opportunities available in the mining sector. He emphasized the importance of Tanzanians fully utilizing these opportunities for their own development and that of the nation as a whole.

Kumalilwa stated that in efforts to increase employment and stimulate economic growth through the mining sector, the Government has set aside Sh5 trillion to empower Tanzanians engaged in supplying goods and providing services to various mines across the country.

He explained that the mining sector currently contributes more than 10 percent to the national Gross Domestic Product (GDP), with the Government having announced 20 specific opportunities reserved for local citizens. The initiative aims to support Tanzanians in transitioning from merely supplying goods to engaging in the actual production of those goods.

Some of the identified opportunities include the manufacturing of construction materials such as cement, steel bars, and cables; production of lubricants; manufacturing of rock explosives; provision of legal services; as well as transportation and logistics services for cargo and freight.

On his part, TAMISA Chief Executive Officer, Japhet Mussa, said the Government recognizes the strong commitment of many Tanzanians to actively participate in the mining business and is ready to support such efforts in order to increase local participation in the mining sector’s value chain.


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